Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0195%/8h= −21.3% APRpaid last 24h −0.037%

Price spread now: dYdX against BloFin+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ARB-USDT	0.2185	0.0195	pay 0.0195% / 8h	2h 48m	$3.0M	$2.5M	75x
Short	dYdX ARB-USD	0.2186	0	get 0.0000% / 1h	48m 54s	$65K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee dYdXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$40.92
Price spread: +0.031% → 0.000%: $3.13
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$59.78
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 4 min ago	0.91 bp	8.2 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1581%	1h	0.2176	−0.407%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2185	−0.014%	$7K	$236	10x	as long as short
Polymarket Perps ARB-USD	−0.0165%	1h	0.2184	−0.046%	$72K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0100%	8h	0.2184	−0.020%	$1.8M	$3.0M	—	as long as short
OKX ARB-USDT-SWAP	−0.0094%	8h	0.2184	−0.046%	$21.7M	$142.6M	50x	as long as short
MEXC ARB_USDT	−0.0093%	8h	0.2185	−0.018%	$41.1M	$60.1M	200x	as long as short
Bybit ARBUSDT	−0.0075%	8h	0.2183	−0.105%	$54.4M	$123.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0074%	1h	0.2186	+0.039%	$1.1M	$4.4M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2185	+0.005%	$12K	$408K	10x	as long as short
dYdX ARB-USDshort	0.0000%	1h	0.2186	+0.031%	$65K	$5K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2185	+0.005%	$24K	$31K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2185	+0.024%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0031%	8h	0.2185	+0.027%	$5.4M	$18.1M	60x	as long as short
Bitget ARBUSDT	+0.0046%	8h	0.2184	−0.041%	$20.8M	$34.2M	50x	as long as short
Extended ARB-USD	+0.0072%	1h	0.2183	−0.106%	$348K	$2.8M	25x	as long as short
BingX ARB-USDC	+0.0073%	8h	0.2187	+0.087%	—	$6.5M	—	as long as short
Binance ARBUSDT	+0.0075%	8h	0.2184	−0.029%	$62.7M	$300.5M	75x	as long as short
RISEx ARB/USDC	+0.0086%	1h	0.2185	+0.023%	$448K	$2.6M	10x	as long as short
Lighter ARB	+0.0096%	1h	0.2184	−0.032%	$1.2M	$5.5M	15x	as long as short
Aevo ARB-PERP	+0.0096%	1h	0.2185	+0.026%	$139K	$7K	3x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2186	+0.059%	$36.9M	$48.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2186	+0.062%	$630K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	+0.020%	$42K	$160K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2185	+0.018%	$19.5M	$14.5M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2185	+0.026%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2187	+0.095%	$466K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2187	+0.096%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2188	+0.142%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2184	−0.055%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2185	+0.014%	$290K	$894K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2184	−0.041%	$4.9M	$12.6M	50x	as long as short
BloFin ARB-USDTlong	+0.0195%	8h	0.2185	long leg	$3.0M	$2.5M	75x
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0160%	1h	0.2185	+0.004%	$830K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2188	+0.142%	$502K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2184	−0.057%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0699%	1h	0.2188	+0.133%	$981K	$2.8M	20x	as long as short